April 18, 2019 by Steve Blade
A new report provides a 10-year analysis and forecast of global rail gangways market for the period of 2018 to 2028. 2017 is considered as base year of the market study with values estimated for 2018 and forecast developed for the duration between 2017 and 2028. The study on global rail gangways market covers various perspectives such as market dynamics, macro- and micro-economic growth analysis, pricing analysis, competition analysis, value chain, segmental and regional growth comparison, as well as segment-level projections in an elaborative manner. In terms of value, the global rail gangways market is anticipated to expand at a CAGR of 4.9% over the forecast period, according to study findings and perspectives of industry participants.
Growing need for rail gangways in various countries on the coattails of ongoing railway infrastructure development along with new construction of metro rails is anticipated to accelerate the growth of rail gangways market across the globe.
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High Speed Railway Infrastructure and Digitalization in Metro Generating Opportunities for Rail Gangways Market
Sprawling railway infrastructure along with growing need for high speed rail transportation among middle-class population is expected to give a boost to the growth of rail gangways market globally.
Introduction of government schemes for enhancing connectivity between cities through the development of high speed train infrastructure and incorporation of digitalization in metro are the crucial factors to ramp up the growth of rail gangways market in the global scenario. Moreover, China is making large scale investments for improving the country’s rail sector which in turn is likely to create lucrative opportunities of manufactures of rail gangways.
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Western Europe to be at the Forefront of Global Rail Gangways Market
In terms of market value share, the global rail gangways market is expected to remain concentrated in Western Europe, followed by China which is likely to account for maximum share in term of sales during the forecast period of 2018-2028.
South East Asia & Pacific is estimated to project incremental $ opportunity worth nearly US$ 30.6 million, while rail gangways market in Latin America and Japan are anticipated to expand at an above average rate throughout the forecast period.
Global Rail Gangways Market Structure
Nature of the global rail gangways market is likely to remain consolidated, with leading players accounting for the highest market share. These players are expected to generate over US$ 50 million in revenue through the global sales of rail gangways.
Mid-sized companies operating in the global rail gangways market are projected to hold market share of 25% to 35%.
Some of the prominent players of the global rail gangways market are Hubner GmbH & Co. KG, Bellow and Bus (Pty) Ltd., Chongqing Hengtai Electromechanical Equipment Co., Ltd., Schliess- und Sicherungssysteme GmbH, Airflow Equipments (India) Pvt. Limited, ATG AUTOTECHNIK GmbH, Hutchinson, Dellner Couplers AB, Narita Mfg. Ltd., KTK Group, Qingdao Victall Railway Co., Ltd, Kasper Elektronik GmbH, Korea Railway Parts Co Ltd, and Vulcanite Pty Ltd.
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